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This dissertation views firms as systems of interdependent activities and investigates the role of coordination costs in setting limits to firms’ growth strategies and organization structure. It contains three interrelated studies. Study I examines the impact of coordination costs on firms’...
Persistent link: https://www.econbiz.de/10009477098
"Inspired by the Coase (1937) theory of the firm, we analyze the performance of Healy, Palepu, and Ruback (1992) sample …
Persistent link: https://www.econbiz.de/10009468471
Prospect Theory) by fitting utility functions to negotiation behavior observed in a laboratory setting. In addition to … strongly suggest that the Prospect Theory value function provides the best prediction of actual negotiation behavior. Results …
Persistent link: https://www.econbiz.de/10009477775
This dissertation extends previous research on bubbles by investigating whether changes in the financial asset prices of the S&P500 reflect changes in fundamentals. We propose that if this is not the case the volatility is due to a bubble. Hence, this is the general hypothesis from which several...
Persistent link: https://www.econbiz.de/10009431432
generate dead weight loss whenmaximizing producer surpluses as expected under prevailing microeconomic theory. Theuse of …
Persistent link: https://www.econbiz.de/10009443786
This paper incorporates hierarchical structure into the neoclassical theory of the firm. Firms are hierarchical in two …
Persistent link: https://www.econbiz.de/10009448301
Grossman-Hart-Moore Property Rights Theory and the Transaction Cost Theory of the firm, and emphasizes the impact of … control arrangements o?ers strong support to our Property-Rights-Theory motivated model with self investment but rejects that … with cooperative investment. The Transaction-Cost-Theory motivated model leaves some important empirical findings …
Persistent link: https://www.econbiz.de/10009476694
We study the location-specific component in research productivity of economics and finance faculty who have ever been affiliated with the top 25 universities in the last three decades. We find that there was a positive effect of being affiliated with an elite university in the 1970s; this effect...
Persistent link: https://www.econbiz.de/10009476932
This paper incorporates hierarchical structure into the neoclassical theory of the firm. Firms are hierarchical in two …
Persistent link: https://www.econbiz.de/10009448598
University of Minnesota Ph.D. dissertation. December 2009. Major: Economics. Advisor: Patrick L. Bajari. 1 computer file (PDF); vii, 98 pages, appendices A-B.
Persistent link: https://www.econbiz.de/10009462783